RE: Binding Letter of Intent between Esports Entertainment Group, Inc. and AHG Entertainment, LLCMutual Confidentiality Agreement • May 11th, 2020 • Esports Entertainment Group, Inc. • Services-amusement & recreation services • New York
This term sheet and binding letter of intent (the “Letter of Intent”) sets forth the general terms and conditions for a transaction between AHG ENTERTAINMENT ASSOCIATES, LLC, a limited liability company incorporated under the laws of Florida, USA, with registered address 700 West Morse Blvd, Ste. 220, Winter Park, Florida 32789 together with its wholly owned subsidiaries, the AHG Entities (as defined below), hereinafter referred to collectively as (the “Seller”) and ESPORTS ENTERTAINMENT GROUP, INC., a Nevada corporation with registered address 112 North Curry Street, Carson City, Nevada 89703-4934, USA (the “Buyer”) whereby, the Buyer will purchase, and the Seller will sell, 100% of the outstanding share capital (the “Sale Shares”) of LHE Enterprises Limited (“LHE”), a company incorporated under the laws of Gibralter, a wholly-owned subsidiary of the Seller, (the “Transaction”), pursuant to the terms of a definitive stock purchase agreement. The Transaction will result in Buyer’s purc
